Earnings per Share (Tables)

9 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Calculation of Weighted Average Number of Shares Outstanding Used in Computing Basic and Diluted Net Income Loss Per Share

The following table summarizes the computation of basic and diluted EPS under the two-class or as-converted method, as well as the anti-dilutive shares excluded:

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Basic earnings per common share:
Net income	$	843	$	3,000	$	23,019	$	2,536
Less: Preferred stock dividend declared	(1,296)		(1,313)		(3,913)		(3,938)
Net (loss) income available for distribution	(453)		1,687		19,106		(1,402)
Income allocated to participating securities	—		(659)		(7,272)		—
Net (loss) income available to common shareholders	$	(453)	$	1,028	$	11,834	$	(1,402)

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Weighted average basic shares outstanding	33,257		32,821		33,032		32,746
Basic (loss) income per common share	$	(0.01)	$	0.03	$	0.36	$	(0.04)
Diluted earnings per common share:
Method used:	Two-class		Two-class		Two-class		Two-class
Net (loss) income available to common shareholders	$	(453)	$	1,028	$	11,834	$	(1,402)
Weighted average basic shares outstanding	33,257		32,821		33,032		32,746
Dilutive effect related to employee stock plans	—		215		518		—
Weighted average diluted shares outstanding	33,257		33,036		33,550		32,746
Diluted (loss) income per common share	$	(0.01)	$	0.03	$	0.35	$	(0.04)
Anti-dilutive shares excluded:
Outstanding stock-based grants	624		190		6		646
Convertible preferred stock	20,297		21,021		20,297		21,021
Total anti-dilutive shares excluded	20,921		21,211		20,303		21,667
Dilutive shares under the as-converted method(1)	54,174		54,057		53,847		53,950

(1) The dilutive shares under the as-converted method assume conversion of the Series A Preferred Stock and are presented here merely for reference. In a net income position, diluted earnings per share is determined by the more dilutive of the two-class method or the as-converted method.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the computation of basic and diluted EPS under the two-class or as-converted method, as well as the anti-dilutive shares excluded:

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Basic earnings per common share:
Net income	$	843	$	3,000	$	23,019	$	2,536
Less: Preferred stock dividend declared	(1,296)		(1,313)		(3,913)		(3,938)
Net (loss) income available for distribution	(453)		1,687		19,106		(1,402)
Income allocated to participating securities	—		(659)		(7,272)		—
Net (loss) income available to common shareholders	$	(453)	$	1,028	$	11,834	$	(1,402)

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2022		2021		2022		2021
Weighted average basic shares outstanding	33,257		32,821		33,032		32,746
Basic (loss) income per common share	$	(0.01)	$	0.03	$	0.36	$	(0.04)
Diluted earnings per common share:
Method used:	Two-class		Two-class		Two-class		Two-class
Net (loss) income available to common shareholders	$	(453)	$	1,028	$	11,834	$	(1,402)
Weighted average basic shares outstanding	33,257		32,821		33,032		32,746
Dilutive effect related to employee stock plans	—		215		518		—
Weighted average diluted shares outstanding	33,257		33,036		33,550		32,746
Diluted (loss) income per common share	$	(0.01)	$	0.03	$	0.35	$	(0.04)
Anti-dilutive shares excluded:
Outstanding stock-based grants	624		190		6		646
Convertible preferred stock	20,297		21,021		20,297		21,021
Total anti-dilutive shares excluded	20,921		21,211		20,303		21,667
Dilutive shares under the as-converted method(1)	54,174		54,057		53,847		53,950

(1) The dilutive shares under the as-converted method assume conversion of the Series A Preferred Stock and are presented here merely for reference. In a net income position, diluted earnings per share is determined by the more dilutive of the two-class method or the as-converted method.